Bitcoin Shows Positive Rhythm, Will It Reach $ 100,000? - Kakiforex.com - Financial Market Media No. 1 in the World Bitcoin Shows Positive Rhythm, Will It Reach $ 100,000? Bitcoin Shows Positive Rhythm, Will It Reach $ 100,000?
InstaForex

September 7, 2021

Bitcoin Shows Positive Rhythm, Will It Reach $ 100,000?

 Bitcoin exhibited a positive starting pace in the September trading session, once again the major crypto asset soared higher than the previous week.


The largest cryptocurrency has broken the resistance level of $ 51,000 recording the latest high of $ 52,780 producing a 13% jump ending yesterday's trading session.


Several recent sentiments have strongly supported the value of the Bitcoin price positively, among which is El Savador officially using and buying Bitcoin.


Meanwhile, bloomberg strategist ‘Mike McGlone’ predicts that by the end of this year, Bitcoin will reach $ 100,000 and Ethereum will reach $ 5,000.


Is Bitcoin on the road to $ 100,000? @mikemcglone11 thinks so https://t.co/RSfJ0FXinV pic.twitter.com/TxMsHYvnlI


- Bloomberg Quicktake (@Quicktake) August 23, 2021


Listen to a few reviews from Bro Trader on Bitcoin’s next direction.





Interesting if seen on the current movement chart of the BTC/USDT price.


The BTC price movement continues to see a drastic surge in recent times has been the focus of investors.


From a technical point of view, the BTC price movement is seen to be in a bullish state and managed to break the $ 51,000 resistance level which may be the determinant for the BTC to jump higher.


An aggressive surge is likely to occur if BTC manages to break the $ 55,000 resistance level and it is not impossible that BTC will re -test ATH previously.


However, if the price movement returns with a bearish pattern, the price movement will retest the RBS (resistance become support) level of $ 51,000 before making a decline to a lower level or it is just a retracement.


At the time of writing, BTC/USDT is trading at around $ 52,580 up over 1% in the last 24 hours.